Specialty oilfield chemicals are used for enhancing the recovery of hydrocarbons from the well. Various categories of specialty oilfield chemicals include corrosion inhibitors, scale inhibitors, biocides, demulsifies, pour-point depressants, surfactants, and advanced polymers. These chemicals are added in well drilling, completion, production, and workover fluids to achieve the optimum performance and enhance the effectiveness of the oil recovery.

Recent boom in shale oil and gas industry in North America is driving the demand for specialty oilfield chemicals. The factors driving growth in the specialty oilfield chemicals market are increasing production of crude oil, growing deep drilling activities, and increasing demand for well stimulation process. The specialty oilfield chemicals market is expected to experience huge growth due to enormous potential offered by these drivers.

Specialty oilfield chemicals manufacturers mainly focus on acquisitions to expand their product portfolio for various applications as well as deepen their geographical penetration. Expansion into growing markets such as Asia-Pacific, Brazil, and Middle East has been and will be the key success for specialty oilfield chemicals producers if they intend to increase their overall sales and revenue.

The report covers the global specialty oilfield chemicals market in major regions namely North America, Europe, Africa & the Middle East, Asia-Pacific, and Latin America & ROW for major applications such as drilling fluids, well stimulations, production chemicals, cementing, workover & completion, and enhanced oil recovery. This report analyzes different marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, and winning imperatives. Major companies such as Akzonobel NV (The Netherlands), BASF SE (Germany), DuPont (U.S.), Baker Hughes (U.S.), Halliburton, and Schlumberger Limited (U.S.) have also been profiled.

This report also includes the leading manufacturers’ profiles such as Akzonobel NV (The Netherlands), BASF SE (Germany), DuPont (U.S.), Baker Hughes (U.S.), Halliburton, and Schlumberger Limited (U.S.).

Specialty oilfield chemicals are used in the oilfield operations mainly to improve well performance and eventually the recovery from reserves. They are used in several applications such as drilling, cementing, work over & completion, well stimulation, and enhanced oil recovery. Increasing oil production, extraction of oils from technologically challenging hydrocarbon geologies, and necessity of more efficient extraction are boosting interest in the specialty oilfield chemicals market.

This market is driven by increasing production of crude oil, growing deep drilling activities, and high demand for well stimulation processes. The demand for specialty oilfield chemicals is increasing in enhanced oil recovery application as EOR activities are rising globally to enhance crude oil production from mature or declining reserves. The Asia-Pacific region is estimated to be the fastest growing region as drilling, cementing, and stimulation activities are registering a high growth in the region.

The North American region dominated the specialty oilfield chemicals market in 2013, globally. The U.S., Canada, Russia, U.K., and China are the major countries with a huge demand for specialty oilfield chemicals. Asia-Pacific is expected to show the highest growth rate of 6.4% between 2014 and 2019 for the specialty oilfield chemicals market.

Specialty Oilfield Chemicals Market Share, By Geography, 2013

Source: MarketsandMarkets Analysis

The major market players focus on expanding their geographical presence while small players are mostly regional in nature. The major players are also focusing on capturing market share by acquiring other companies to enhance their product portfolio, technological knowledge, and regional presence.

The specialty oilfield chemicals market is expected to witness a high growth from low penetrated applications and regions. One of the major problems is the political atmosphere in some of the major oil producing countries in the Middle East.

The report analyzes the market based on the major types, applications, and geography. It also covers the market behavior of leading producers, key developments, and strategies implemented to sustain and succeed in the market.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not
meet with your exact requirements. Our custom research will comprehensively cover
the business information you require to help you arrive at strategic and profitable
business decisions.